Rekor Systems (REKR) CEO reports 1,000,000-share gift to trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rekor Systems, Inc. director and CEO Robert Alan Berman reported an indirect bona fide gift of 1,000,000 shares of Rekor common stock on May 27, 2026. The shares were transferred by Avon Road Partners, L.P. to a trust where Avon Road is a beneficiary but has no investment control, and the reporting persons no longer have beneficial ownership of these shares. Following the transactions, Berman holds 2,685,219 Rekor shares directly, while Avon Road is shown with 1,000 Rekor shares held indirectly.
Positive
- None.
Negative
- None.
Insights
Large insider gift is non‑market and primarily shifts ownership structure.
The filing shows an indirect transfer of 1,000,000 Rekor Systems common shares as a bona fide gift from Avon Road Partners, L.P. to a trust. Footnotes state Avon Road is only a beneficiary and has no investment control, so the reporting persons cease beneficial ownership of these shares.
This is a non-cash, non-market disposition (code G), so it does not reflect a sale or price view. After the transfer, Robert Berman still directly owns 2,685,219 shares, and Avon Road retains 1,000 shares indirectly. The move mainly affects reported ownership, with limited direct valuation implications.
Insider Trade Summary
1,000,000 shares gifted
Mixed
2 txns
Insider
BERMAN ROBERT ALAN
Role
CEO and Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,000,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,000 shares (Indirect, By Avon Road, L.P.);
Common Stock — 2,685,219 shares (Direct, null)
Footnotes (1)
- Avon Road Partners, L.P. ("Avon Road") transferred 1,000,000 shares of Common Stock to a trust of which Avon Road is a beneficiary, but has no investment control over the securities held by the trust. The reporting persons no longer have a beneficial ownership in the transferred shares. Mr. Berman is the general partner of Avon Road.
Key Figures
Gifted shares: 1,000,000 shares
Direct holdings after transaction: 2,685,219 shares
Indirect holdings after transaction: 1,000 shares
+2 more
5 metrics
Gifted shares
1,000,000 shares
Bona fide gift of common stock on May 27, 2026
Direct holdings after transaction
2,685,219 shares
Robert Berman direct Rekor common stock holding
Indirect holdings after transaction
1,000 shares
Avon Road Partners, L.P. indirect Rekor common stock holding
Gift price per share
$0.0000 per share
Non-cash bona fide gift, no sale proceeds
Gift transaction count
1 transaction
Form 4 transactionSummary giftCount
Key Terms
bona fide gift, beneficial ownership, indirect ownership, general partner, +1 more
5 terms
bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"The reporting persons no longer have a beneficial ownership in the transferred shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: By Avon Road, L.P."
general partner financial
"Mr. Berman is the general partner of Avon Road."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Rekor Systems (REKR) report on May 27, 2026?
Rekor Systems reported a large insider gift of shares. Avon Road Partners, L.P., associated with CEO Robert Berman, made a bona fide gift transfer of 1,000,000 Rekor common shares to a trust, ending the reporting persons’ beneficial ownership of those specific shares.
What are Robert Berman’s Rekor Systems (REKR) holdings after this Form 4?
Robert Berman directly holds 2,685,219 Rekor shares after the filing. The Form 4 also shows 1,000 Rekor shares held indirectly through Avon Road Partners, L.P. The 1,000,000 gifted shares are no longer counted as beneficially owned by the reporting persons.
What transaction code is used in the Rekor Systems (REKR) Form 4?
The Form 4 uses transaction code G for a bona fide gift. This code indicates a non-cash gift disposition of 1,000,000 Rekor common shares by Avon Road Partners, L.P. to a trust, rather than a market sale or purchase of the stock.